| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP7696
|
| DP7696 Intermediated Trade |
| Pol Antras; Arnaud Costinot
|
| 发表日期 | 2010-02-14
|
| 出版年 | 2010
|
| 语种 | 英语
|
| 摘要 | This paper develops a simple model of international trade with intermediation. We consider an economy with two islands and two types of agents, farmers and traders. Farmers can produce two goods, but in order to sell these goods in centralized (Walrasian) markets, they need to be matched with a trader, and this entails costly search. In the absence of search frictions, our model reduces to a standard Ricardian model of trade. We use this simple model to contrast the implications of changes in the integration of Walrasian markets, which allow traders from different islands to exchange their goods, and changes in the access to these Walrasian markets, which allow farmers to trade with traders from different islands. We find that intermediation always magnifies the gains from trade under the former type of integration, but leads to more nuanced welfare results under the latter, including the possibility of aggregate losses. These welfare losses may be circumvented, however, through policies that discriminate against foreign traders in a way that minimizes the margins charged by domestic traders. |
| 主题 | Development Economics
; International Trade and Regional Economics
|
| 关键词 | Economic integration
Gains from trade
Intermediation
Search frictions
|
| URL | https://cepr.org/publications/dp7696
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536533
|
推荐引用方式
GB/T 7714 |
Pol Antras,Arnaud Costinot. DP7696 Intermediated Trade. 2010.
|
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